If polar bears and Snow Dogs weren’t enough to make you want to move to Alaska, consider this: You can get paid thousands of dollars a year just for living there.
Today, Oct. 2, almost every permanent resident of Alaska — even babies — will get paid $1,884 as a dividend from the state’s Alaska Permanent Fund, a government fund that invests proceeds generated from the state’s oil reserves to ensure future wealth for the state.
When the first dividend checks were issued to residents in 1980, TIME predicted that the windfall would be long-lasting:
Today the Alaska Permanent Fund is valued above $50 billion, and the dividend paid to residents this week will total $1.1 billion.
And for the individual who’s squirreled away his dividend payment each year since the program launched in 1980? He’s made a cool $37,000 just for being loyal to the state.
Read more about the origins of the Alaska Permanent Fund in TIME’s archives: Alaska Bonanza
- Succession Was a Race to the Bottom, And Everybody Won
- What Erdoğan’s Victory Means for Turkey—and the World
- Why You Can't Remember That Taylor Swift Concert All Too Well
- How Four Trans Teens Threw the Prom of Their Dreams
- Why Turkey’s Longtime Leader Is an Electoral Powerhouse
- The Ancient Roots of Psychotherapy
- Drought Crisis Spurs U.S.-Mexico Collaboration
- Florence Pugh Might Just Save the Movie Star From Extinction